SEC Form 4 · accession 0000821127-15-000070
BOSTON PRIVATE FINANCIAL HOLDINGS INC · BPFH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David J. Kaye
Officer — EVP, CFO and CAO
Period of report
Mar 20, 2015
Accepted (ET)
May 19, 2015 · 5:06 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000821127
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 15, 2015 | M | 11,513 | $12.43 | A | 120,019 | D | |
| Common StockF2 | May 15, 2015 | F | 3,724 | $12.43 | D | 116,295 | D | |
| Common StockF3 | May 15, 2015 | F | 3,742 | $12.43 | D | 112,553 | D | |
| Common StockF4 | May 15, 2015 | A | 10,178 | $12.43 | A | 122,731 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF5,F1 | $9.82 | May 15, 2015 | M | 11,513 | D | — | — | Common Stock | 11,513 | 5,671 | D |
| Performance SharesF5,F6 | $9.82 | Mar 20, 2015 | D | 5,671 | D | — | — | Common Stock | 5,671 | 0 | D |
| Performance SharesF7 | $12.43 | May 15, 2015 | A | 15,268 | A | — | — | Common Stock | 15,268 | 15,268 | D |
Explanation of responses
- F1These represent the vested performance shares for the 2012-2014 performance period. The Reporting Person earned 65% of the targeted performance shares based on return on average common equity performance.
- F2Forfeiture of shares to satisfy tax obligations related to restricted shares that were granted to Reporting Person on May 15, 2012 and vested on May 15, 2015.
- F3Forfeiture of shares to satisfy tax obligations related to performance shares that were granted to Reporting Person on May 15, 2012 and vested on May 15, 2015.
- F4This grant of restricted stock vest May 15, 2018.
- F5May 15, 2012 close price - 30 day share price (30 day trailing trading days from April 15, 2012).
- F6These represent forfeited performance shares for the 2012-2014 performance period. The Reporting Person earned 65% of the targeted performance shares based on return of common equity performance.
- F7Performance shares vest based on the Company's performance for the period January 1, 2015 through December 31, 2017.